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42 U.S.C. § 15873 — Deposit and use of geothermal lease revenues for 5 fiscal years

submitted 21 years ago by Pub. L. 109-58 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 160 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section sets out the rules for Deposit and use of geothermal lease revenues for 5 fiscal years. Its provisions state the requirements, permissions, definitions, limits, or funding rules that apply.

(a) Deposit of geothermal resources leases despite any other law, amounts received by the United States in the first 5 fiscal years beginning after August 8, 2005, as rentals, royalties, and other payments required under leases under the Geothermal Steam Act of 1970 [ 30 U.S.C. 1001 et seq.], excluding funds required to be paid to State and county governments, must be deposited into a separate account in the Treasury. (b) Use of deposits Amounts deposited under subsection (a) must be available to the Secretary of the Interior for expenditure, without further appropriation and without fiscal year limitation, to implement the Geothermal Steam Act of 1970 [ 30 U.S.C. 1001 et seq.] and this Act. (c) Transfer of funds For the purposes of coordination and processing of geothermal leases and geothermal use authorizations on Federal land the Secretary of the Interior may authorize the expenditure or transfer of such funds as are necessary to the Forest Service.

the actual law source: uscode.house.gov ↗public domain
(a) Deposit of geothermal resources leases

Notwithstanding any other provision of law, amounts received by the United States in the first 5 fiscal years beginning after August 8, 2005, as rentals, royalties, and other payments required under leases under the Geothermal Steam Act of 1970 [30 U.S.C. 1001 et seq.], excluding funds required to be paid to State and county governments, shall be deposited into a separate account in the Treasury.

(b) Use of deposits

Amounts deposited under subsection (a) shall be available to the Secretary of the Interior for expenditure, without further appropriation and without fiscal year limitation, to implement the Geothermal Steam Act of 1970 [30 U.S.C. 1001 et seq.] and this Act.

(c) Transfer of funds

For the purposes of coordination and processing of geothermal leases and geothermal use authorizations on Federal land the Secretary of the Interior may authorize the expenditure or transfer of such funds as are necessary to the Forest Service.

Source credit: (Pub. L. 109–58, title II, § 234, Aug. 8, 2005, 119 Stat. 671.)

history & why it existsrecord from the source credit
  • 2005Enacted · Pub. L. 109-58 · 119 Stat. 671

A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-58 on 2005-08-08.

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